The receiver shall, where necessary, order the distribution of funds among creditors; he shall fix the percentage to be distributed and ensure that all creditors are notified of the distribution.
As soon as the distribution is ordered, the trustee shall pay a dividend to each approved creditor by check to his name drawn on the account opened under the conditions of Article 45 above.
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 98
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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Section 164 of the Acte uniforme portant organisation des procédures collectives d'apurement du passif/akn/ohada/act/loi/2015-09-10/aupcap-2015
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